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When a conductor is more twisted:
Overhead
The general operating costs not directly tied to production, including administrative and facility expenses.
Direct Materials
Raw materials that are directly incorporated into a finished product and can be directly attributed to the product.
Predetermined Overhead Rate
A rate used to allocate manufacturing overhead to individual products or job orders, calculated before the production period begins based on estimated costs.
Direct Labour Hours
The total hours worked by employees directly involved in the manufacturing process, affecting the overall production cost.
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